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NASDAQ:VMAR

Vision Marine Technologies 11/27/2023 Earnings Report

Vision Marine Technologies logo
$1.50 -0.01 (-0.73%)
As of 11:09 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Vision Marine Technologies EPS Results

Actual EPS
-$46.50
Consensus EPS
-$48.00
Beat/Miss
Beat by +$1.50
One Year Ago EPS
N/A

Vision Marine Technologies Revenue Results

Actual Revenue
$1.59 million
Expected Revenue
$2.37 million
Beat/Miss
Missed by -$780.00 thousand
YoY Revenue Growth
N/A

Vision Marine Technologies Announcement Details

Quarter
Time
N/A
Conference Call Date
N/A
Conference Call Time
N/A

Upcoming Earnings

Vision Marine Technologies' next earnings date is estimated for Monday, December 1, 2025, based on past reporting schedules.

Conference Call Resources

Vision Marine Technologies Earnings Headlines

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About Vision Marine Technologies

Vision Marine Technologies (NASDAQ:VMAR) (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors. The company supplies turnkey solutions that encompass lithium-ion battery packs, power electronics and user interfaces, aiming to reduce maintenance costs, noise and environmental impact compared with traditional internal-combustion marine engines. By focusing on ease of installation and interoperability, Vision Marine supports both OEM boat builders and aftermarket retrofit applications.

Founded in 2012 and headquartered in Pointe-Claire, Quebec, Vision Marine Technologies completed a business combination and began trading on the Nasdaq stock exchange in 2021 under the ticker VMAR. Since its inception, the company has secured multiple patents related to electric propulsion architectures and has demonstrated its technology at marine industry events worldwide. Vision Marine has also formed strategic partnerships with regional dealers and international boat manufacturers to expand global adoption of its electric boating solutions.

Under the leadership of founder and Chief Executive Officer Éric Jensen, Vision Marine Technologies continues to pursue product development, scale manufacturing capacity and deepen its presence across North America and Europe. The company’s strategic priorities include enhancing battery energy density, expanding its dealer network and accelerating the transition to clean marine transportation through innovative electric propulsion offerings.

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